Kamo is from the village of Torosgyugh. He is married with two sons (21-year-old twins). He has a secondary school education and has been farming for over 20 years. In addition to supporting his family, Kamo helps his relatives living in the city. He considers himself a hardworking, honest person. Kamo dreams that his children will graduate from university and get good jobs. He would like a loan to purchase animal feed and additional livestock. He expects this investment to increase the family income by 20%. He is pleased with the microfinance services and has kept his debt below 20% of his business equity.
About AREGAK Universal Credit Organization
In 1997, United Methodist Committee on Relief (UMCOR) established the AREGAK microfinance program with the aim of creating economic opportunities for low-income people who lack or have limited access to formal financial services, especially in remote rural areas. The microfinance program rapidly became one of the largest microfinance institutions in Armenia in terms of the number of active clients and portfolio size.
In 2006, AREGAK UCO was registered as a universal credit organization structured as a closed joint stock company with UMCOR as the sole shareholder.
Today, AREGAK UCO provides a broad range of financial services to the population without compromising the social aspects of its mission. It continues pursuing initiatives geared toward the fulfillment of its ethical principles. To learn more about AREGAK UCO, visit its Kiva Field Partner page.